6 Best Forex Introducing Broker Programs

If you are looking for a way to earn commissions from the forex market without trading yourself, becoming an introducing broker (IB) might be a good option for you. An IB is a person or a company that refers clients to a forex broker and gets paid a commission for each trade the client makes. In this article, we will explain what an IB is, how it works, and what are the benefits of becoming one. We will also list 6 brokers that have good IB programs that you can join and start earning from.

What is an Introducing Broker?

An introducing broker is a type of partner or affiliate that works with a forex broker to bring in new clients. An IB usually has a website, a blog, a social media account, or a network of contacts that they use to promote the broker and attract potential traders. An IB does not handle any client funds, execute any trades, or provide any trading advice. They simply act as a bridge between the broker and the client.

How Does an IB Program Work?

An IB program is a partnership agreement between a forex broker and an IB. The broker provides the IB with marketing materials, such as banners, links, landing pages, etc., that the IB can use to promote the broker on their platform. The broker also assigns a unique tracking code to each IB, so that they can track the referrals and the commissions.

The IB then uses their platform to advertise the broker and encourage people to sign up and trade with them. The IB can also provide additional services to their clients, such as education, support, market analysis, etc., to increase their loyalty and retention.

The broker pays the IB a commission for each trade that their referred client makes. The commission can be based on the spread, the volume, or the revenue share of the client's trading activity. The commission is usually paid monthly or weekly, depending on the broker's terms and conditions.

What are the Benefits of Becoming an IB?

Becoming an IB has many benefits, such as:

- You can earn passive income from the forex market without trading yourself.

- You can leverage your existing platform and audience to generate referrals and commissions.

- You can choose from a variety of brokers and programs that suit your preferences and goals.

- You can build long-term relationships with your clients and earn recurring commissions from their trading activity.

- You can enhance your reputation and credibility as a forex expert and influencer.

6 Brokers with Good IB Programs

Here are 6 brokers that have good IB programs that you can join and start earning from:

1.

XM is one of the most popular and reputable forex brokers in the world. They offer over 1000 instruments to trade on their MT4 and MT5 platforms, including forex, stocks, commodities, indices, metals, and cryptocurrencies. They also offer competitive spreads, fast execution, low minimum deposit, and various bonuses and promotions.

XM's IB program is one of the most generous and flexible in the industry. They pay up to $10 per lot for each trade that your referred client makes. They also offer multi-tier commissions for sub-IBs, meaning that you can earn from the referrals of your referrals. Moreover, they provide you with advanced reporting tools, dedicated account managers, and 24/7 support.

To join XM's IB program, you need to register on their website and fill out an application form. You will then get access to your personal partner area where you can find your tracking code and marketing materials. You can start promoting XM on your platform and earn commissions from your referrals.

2.

FXTM is another well-known and reputable forex broker that offers a competitive IB program that pays up to $15 per lot for each trade your referrals make. You can also earn up to 25% commission from your sub-IBs' referrals. FXTM provides you with a personal partner manager, real-time statistics, marketing materials and support. FXTM also offers great trading conditions for your clients, such as tight spreads, fast execution, no requotes, no commissions, free education and various trading platforms.

3.

HotForex is a global forex broker that has won many awards for its services and products. HotForex offers a generous IB program that pays up to $15 per lot for each trade your referrals make. You can also earn up to 25% commission from your sub-IBs' referrals. HotForex provides you with a personal partner manager, advanced reporting tools, marketing materials and support. HotForex also offers superb trading conditions for your clients

4.

Exness is a leading forex broker that offers low spreads, high leverage, and fast execution. Exness offers an IB program that pays up to 40% of the spread for each client you refer, depending on the account type and the trading instruments. Exness also has a tiered commission system that allows you to earn more as your referrals increase their trading volume. Exness provides a simple and transparent IB dashboard where you can view your referrals, commissions, and payments. Exness also offers various marketing tools, such as banners, logos, widgets, and newsletters.

5.

IC Markets is one of the largest and most trusted forex brokers in the world, offering true ECN trading conditions and low spreads. IC Markets offers an IB program that pays up to $9 per lot for each client you refer, depending on the account type and the currency pair. IC Markets also has a sub-IB program that allows you to earn from the referrals of your sub-IBs. IC Markets provides an advanced IB portal where you can manage your referrals, commissions, and payments. IC Markets also offers various marketing tools, such as banners, videos, articles, and webinars.

6.

AvaTrade is a regulated and award-winning forex broker that offers over 250 trading instruments and platforms. AvaTrade offers an IB program that pays up to $12 per lot for each client you refer, depending on the account type and the trading volume. AvaTrade also has a CPA program that pays up to $600 for each qualified client you refer. AvaTrade provides a professional IB portal where you can access detailed reports, analytics, and payments. AvaTrade also offers various marketing tools, such as banners, landing pages, ebooks, videos, and podcasts.